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India plans to restrict gold importsIndia's central bank said yesterday it will consider more steps to restrict gold imports and help stem the country's widening current account deficit. Gold purchases are one of the biggest contributors to the deficit in th More… |
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India cenbank defies pressure to leave rates on holdIndia's central bank has left interest rates on hold but cut the cash reserve ratio for banks, defying pressure from the government to lower rates for the first time since April but also indicating it may ease policy in early 2013. More… |
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Rupee hits record low, more downslide seenThe rupee hit a record low against the dollar for a second consecutive session on Friday and posted its worst weekly fall in nine months, hurt by dollar demand from oil firms and gold importers as well the broad risk-off sentiment. Traders More… |
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Indian central bank likely to cut ratesThe Reserve Bank of India (RBI) releases its mid-quarter monetary policy review today, and weakening domestic and global economic conditions have added to the likelihood it will take action to boost growth, despite lingering inflation worries. More… |
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India cbank surprises with 50 bps rate cutIndia's central bank cut interest rates on Tuesday for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to flagging economic growth but warned that there is limited scope for further rate cuts. The Res More… |
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Indian rupee up 2pc after RBI actionThe Indian rupee jumped more than 2 percent on Friday and was on track to post its biggest single-day rise in more than two years after the central bank took steps to stem the currency's plunge to a series of record lows. At 10.47am (0517 More… |
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India's industrial output tumbles 5pcIndia's industrial output fell for the first time in more than two years in October as waning consumer demand took a toll, adding pressure on the central bank to ease monetary or liquidity conditions, possibly as soon as Friday. Production More… |
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India's October inflation above forecastIndia's wholesale prices rose by more than expected in October as the cost of food and fuel increased, raising doubts about the central bank's outlook that price pressures will abate by the end of the year. More… |
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India eyes dollar funds in energy pushIndia's central bank has agreed to earmark some dollar funds from foreign exchange reserves, reversing its earlier stance, to partly fund the government's strategic wealth fund that will buy energy assets overseas, sources with direct know More… |
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India cbank surprises with 50 bps rate riseIndia's central bank stunned investors by raising interest rates by 50 basis points on Tuesday, showing unexpected resolve in fighting persistently high inflation despite slowing growth in Asia's third-largest economy and uncertainty about global More… |
